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UBER - Uber Technologies, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by stock1234, May 3, 2019.

  1. Kaban

    Kaban Member

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    Maybe the Uber's IPO was not the best, but look at it this way, we'd have a better opportunity to buy (at best price). Today uber closed the gap, and the closing price was 41.22$, is not it a good spot to try to short it? Not sure about the low but 28$ seems reachable. And than find the good price to buy and hold, I think it;s not a secret that uber could cost 63$ per share and more. Thoughts?
     
  2. StockJock-e

    StockJock-e Brew Master
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    Its really tough to try place these kind of bets on an IPO. There is no historical trading data, and we dont know if there are existing naked shorts from the big fish that may need to cover at any time.
     
  3. T0rm3nted

    T0rm3nted Moderator
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    The NLRB came to the conclusion that the strike that the "employees" performed was unacceptable and the company doesn't have to recognize their attempt at organization because they're considered "independent contractors" which is a way that many companies take advantage of their employees and get them at a better wage, make them take care of their own healthcare in most cases, etc.

    Good ruling for UBER as a company and investors, but bad for the workers.
     
  4. emmett kelly

    emmett kelly Well-Known Member

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  5. emmett kelly

    emmett kelly Well-Known Member

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  6. StockJock-e

    StockJock-e Brew Master
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    Following the biggest decline since the IPO over the past few weeks, UBER is getting some bounce here.
     
  7. StockJock-e

    StockJock-e Brew Master
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    Volatility here
     
  8. StockJock-e

    StockJock-e Brew Master
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    Wow!

    Look at the drop!

    IPO holders are not liking this, but shorts loving it!
     
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Earlier today:
    "Reshaping the gig economy, California lawmakers have approved a landmark bill that requires companies like Uber and Lyft to treat contract workers as employees.
    Some estimates suggest costs for those firms would increase by 30% as a result.
    The bill, known as Assembly Bill 5, may also influence other states."

    Uber responds:
    • Uber CLO Tony West says the company won't treat contractors as employees under the newly approved California bill.
    • West says Uber's business is "serving as a technology platform for several different types of digital marketplaces" and not providing rides, which means drivers aren't a core part of the business and can remain independent when the law goes into effect in January.
    • West also notes that Uber is "no stranger to legal battles."
     
    T0rm3nted likes this.
  10. TomB16

    TomB16 Active Member

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    Does anyone else think Uber Freight could be a game changer?
     

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